Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
EU energy and environment ministers meeting today in the city where President Emmanuel Macron was born will discuss how to ensure record-high energy prices don’t slow the transition to a climate neutral economy and penalize society’s poorest. And that’s not going to be the only thing on their minds during lunch in Amiens. The Commission’s hastily arranged consultation on a proposal to provide some gas and nuclear projects with a green label for investments ends today. One of the two groups consulted is planning on slamming the plan, as are key lawmakers who argue that it may not be legal. That’s on top of investors who say the EU’s ambition to set the “gold standard” in environmental finance is under threat. If the Commission sticks to its guns, it could make or break plans for the bloc to become climate neutral by the middle of the century — its contribution to keeping global warming to 1.5 degrees Celsius.
— John Ainger and Lyubov Pronina